0

Automotive Active Purge Pump Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71954
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The automotive active purge pump market share is expected to increase by USD 1.06 billion from 2021 to 2026, at a CAGR of 27.49%.

This automotive active purge pump market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive active purge pump market segmentation by vehicle type (passenger and commercial) and geography (Europe, North America, APAC, South America, and MEA). The automotive active purge pump market report also offers information on several market vendors, including Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG among others.

What will the Automotive Active Purge Pump Market Size be During the Forecast Period?

Automotive Active Purge Pump Market Size

Download the Free Report Sample to Unlock the Automotive Active Purge Pump Market Size for the Forecast Period and Other Important Statistics

 

Automotive Active Purge Pump Market: Key Drivers, Trends, and Challenges

The adherence to stringent laws formulated by governments is notably driving the automotive active purge pump market growth, although factors such as the increasing popularity of EVs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive active purge pump industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Active Purge Pump Market Driver 

One of the key factors driving the global automotive active purge pump market growth is the adherence to stringent laws formulated by governments to lower carbon emissions, produced mainly by diesel- or gasoline-powered vehicles. The fumes exhausted from gasoline fuel comprise benzene, which, when inhaled, can lead to health hazards. Moreover, photochemical smog is another major concern in megacities, which is caused due to a combination of sunlight and exhaust fumes. Thus, modern vehicles operating on petrol are integrated with an onboard system that reduces hydrocarbon emissions in the environment. Continental AG offers an active purge pump, which is a part of the evaporative fuel processing system and was developed to overcome stringent hydrocarbon evaporation norms and legislation worldwide. Such factors are anticipated to boost the demand for active purge pumps during the forecast period.

Key Automotive Active Purge Pump Market Trend

Another key factor driving the global automotive active purge pump market growth is weight and cost reduction. Owing to stringent environmental norms and the rise in demand for vehicles with better fuel efficiency, automotive suppliers are looking at lighter components for weight reduction, which can help meet the demand for lower emissions and better mileage. Tier-II suppliers are now focusing on developing low-weight raw materials through technological advancements without compromising on the structural strength of the components, which is expected to positively impact the growth of the global automotive active purge pump market during the forecast period.

Key Automotive Active Purge Pump Market Challenge

One of the key challenges to the global automotive active purge pump market growth is the increasing popularity of EVs. According to the International Energy Agency (IEA), the Electric Vehicles Initiative was established in 2009 for developing EVs in the transportation sector under the Clean Energy Ministerial. China is one of the largest adopters of EVs, with more than 50% adoption in 2020. The governments are promoting the adoption of EVs by providing rebates, tax credits, and tax exemptions for the purchase of plug-in hybrid electric vehicles (PHEVs). Thus, the global adoption of EVs crossed 3 million in the last few years. Such initiatives undertaken by governments across the world will boost the adoption of EVs, which is expected to hinder the growth of the market in focus during the forecast period.

This automotive active purge pump market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive active purge pump market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive active purge pump market during the forecast period.

Who are the Major Automotive Active Purge Pump Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Agilent Technologies Inc.
  • Continental AG
  • DENSO Corp.
  • Dial Manufacturing Inc.
  • Eaton Corp. Plc
  • Geotech Environmental Equipment Inc.
  • HELLA GmbH and Co. KG
  • Robert Bosch GmbH
  • Sauermann Group
  • Vitesco Technologies Group AG

This statistical study of the automotive active purge pump market encompasses successful business strategies deployed by the key vendors. The automotive active purge pump market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Agilent Technologies Inc. - The company offers automotive active purge pump products such as X3501-68003, X3502-68004, and PTSPURGEKIT.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive active purge pump market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Active Purge Pump Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive active purge pump market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Active Purge Pump Market?

Automotive Active Purge Pump Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

43% of the market's growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for automotive active purge pumps in Europe. Market growth in this region will be faster than the growth of the market in South America and MEA.

The high production and sales volumes of passenger cars and the presence of several high-end passenger car brands, including Mercedes-Benz, BMW AG, and Audi AG will facilitate the automotive active purge pump market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis
Brexit and the ongoing COVID-19 outbreak have affected the economies of European countries. This decreased the demand for automobiles in the region, which subsequently hindered the adoption of automotive active purge pumps in 2020. Numerous project cancelations and a halt in the operations of the automotive industry significantly hindered the growth of the market in the region in 2020. However, with the initiation of vaccination drives in the region during the first half of 2021, there has been a rise in automobile and auto parts and component manufacturing activities. Governments in the region have also started relaxing restrictions, which is expected to revive economic activities, along with transportation and logistics activities. Such factors are expected to drive the growth of the automotive active purge pump market in the region during the forecast period.

What are the Revenue-generating Vehicle Type Segments in the Automotive Active Purge Pump Market?

Automotive Active Purge Pump Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The automotive active purge pump market share growth by the passenger segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for passenger vehicles owing to the rise in disposable income of individuals, especially those belonging to the middle-class population. As per the data provided by the Organisation Internationale des Constructeurs d?Automobiles (OICA), the total number of passenger cars manufactured worldwide in 2019 was 67,149,196.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive active purge pump market size and actionable market insights on post COVID-19 impact on each segment.

Automotive Active Purge Pump Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 27.49%

Market growth 2022-2026

$ 1.06 billion

Market structure

Concentrated

YoY growth (%)

29.97

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 43%

Key consumer countries

Germany, US, Japan, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, and Vitesco Technologies Group AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Automotive Active Purge Pump Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive active purge pump market growth during the next five years
  • Precise estimation of the automotive active purge pump market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive active purge pump industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive active purge pump market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Vehicle type

    • Market segments
    • Comparison by Vehicle type
    • Passenger - Market size and forecast 2021-2026
    • Commercial - Market size and forecast 2021-2026
    • Market opportunity by Vehicle type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • Europe - Market size and forecast 2021-2026
    • North America - Market size and forecast 2021-2026
    • APAC - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Agilent Technologies Inc.
    • Continental AG
    • DENSO Corp.
    • Dial Manufacturing Inc.
    • Eaton Corp. Plc
    • Geotech Environmental Equipment Inc.
    • HELLA GmbH and Co. KG
    • Robert Bosch GmbH
    • Sauermann Group
    • Vitesco Technologies Group AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your sample now!
    Automotive Active Purge Pump market growth will increase by $1067.96 million during 2021-2026.
    The automotive active purge pump market is expected to grow at a CAGR of 27.49% during 2021-2026.
    Technavio has segmented the automotive active purge pump market by other1 (Passenger, Commercial, Passenger, Commercial, APAC, South America, and MEA) and geographic (Europe, North America, APAC, South America, and MEA).
    Agilent Technologies Inc., Continental AG, DENSO Corp., Dial Manufacturing Inc., Eaton Corp. Plc, Geotech Environmental Equipment Inc., HELLA GmbH and Co. KG, Robert Bosch GmbH, Sauermann Group, Vitesco Technologies Group AG are a few of the key vendors in the automotive active purge pump market.
    Europe will register the highest growth rate of 43.03% among the other regions. Therefore, the automotive active purge pump market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the automotive active purge pump market growth are:
    • Adherence to stringent laws formulated by governments
    The automotive active purge pump market vendors should focus on grabbing business opportunities from the passenger segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
    • Off-the-shelf research reports
    • Reports can be tailored to meet the customer's needs
    • Trusted by more than 100 fortune 500 organizations
    • Information about the market's key drivers, trends, and challenges
    • Parent market analysis
    • Every week, 50,000 people visit our subscription platform
    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

    Certified ISO 9001 : 2015

    We are ISO recognized

    We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

    We are GDPR and CCPA compliant

    We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

    Safe and Secure SSL Encrypted
    Technavio

    info
    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization)
      Complimentary Customization Included

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Customized Report as per your Business Needs

    • Our analysts will work directly with you and understand your needs
    • Get data on specified regions or segments, competitor and Vendors
    • Data will be formatted and presented as per your requirements
    • We offer $1000 worth of FREE customization at the time of purchase

    Let us help you make report more suited to your requirements.

    • Get a competitive breakdown as per your niche industry
    • Customize the data with various metrics that meet your business prerequisite
    • Understand Revenue Sources, Customers and many more
    • Details on Market Share
    • These customizations are done in a short amount of time by our analysts and industry experts
    Technavio
    Enquire Before Buying
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>